Stock Market & Financial Investment News

Ciena deal should increase market share, says ArgusAfter Ciena (CIEN) and Ericsson (ERIC) announced a strategic global agreement, Argus thinks the deal will enable Ciena's products to reach customers around the world. The firm believes the deal will allow Ciena to take additional market share, and it keeps a Buy rating on the shares.

FCC votes unanimously to end portability contract with NeuStarNeuStar (NSR) was expected to loss the Number Portability Administration Center vendor contract with the FCC to Ericsson's (ERIC) Telcordia unit after the Wireline Competition Bureau earlier this morning provided a draft order to the agency to initiate contract negotiations with Telcordia. The FCC voted today to move forward with Ericsson.

Worst case scenario unlikely for Ericsson in Apple lawsuit, says BernsteinNoting that Apple (AAPL) and Ericsson (ERIC) are involved in patent litigation in which Apple has asked the court to limit Apple's royalty payments to Ericsson to the smallest saleable component containing Ericsson's technology, Bernstein says that Ericsson's IP revenue would be reduced to almost nothing if the court grants Apple's request. However, the firm does not believe that Apple's request has a good legal rationale, and it thinks that the court is "extremely unlikely" to grant it. As a result, the firm is "relaxed" about Ericsson's outlook. It keeps an Outperform rating on the shares.